China South Publishing & Media revises articles, extends loan

China South Publishing & Media Group announced a revision to its Articles of Association for 2025, which includes the abolition of the supervisory board and corresponding updates to shareholder and board meeting rules. The revisions streamline governance, clarify responsibilities, and ensure compliance with updated laws and regulations. The changes will be submitted to a shareholder meeting for approval.

Concurrently, the company's subsidiary, China South Boji Tianjuan Culture Media Co. Ltd., is extending a entrusted loan of 25 million yuan to its associate, Beijing Boji Tianjuan Film Co. Ltd. The loan, at an annual interest rate of 2.85% over two years, will fund film projects like "Two Capitals, Fifteen Days" and "Code Name Cicada," and provide working capital. This loan is secured by property valued at 35.79 million yuan and is contingent on the repayment of an existing 35 million yuan loan.

The board approved the loan, noting its potential to enhance China South Boji's financial returns and support Beijing Boji's business development, while also managing associated risks through collateral. The total financial assistance provided by China South Publishing & Media Group post-transaction will be 278.923 million yuan, representing 1.79% of its latest audited net assets.